5 Ways Nigerian Traders Use Obiex for International Payments

Table of Contents

• 5 Practical Ways Nigerian Traders Use Obiex for Global Transactions
• The Obiex Advantage: Built for Speed, Liquidity, and Reliability
• What Kind of Traders and Businesses Use Obiex?
• Why Obiex Is the Right Liquidity Partner for You
• FAQs

Over $600 billion in cryptocurrency value moved across borders in the second quarter of 2024 alone, using stablecoins like USDT and USDC. 

For Nigerian traders and businesses, using crypto for international payments has become a reliable and fast alternative to traditional banking systems. 

With constant inflation, forex restrictions, and a highly volatile naira, stable digital currencies have emerged as the preferred method for sending and receiving money across borders.

Obiex is one of the trusted crypto platforms helping Nigerian businesses overcome these challenges. 

Whether you’re importing electronics, paying overseas employees, or settling invoices from global clients, Obiex provides a fast, secure, and compliant crypto payment solution.

In this article, we will walk you through five ways in which Nigerian traders use Obiex for international payments.

5 Practical Ways Nigerian Traders Use Obiex for Global Transactions

1. Paying Suppliers in China, Dubai, and Turkey with USDT:

Nigerian traders, especially in electronics, clothing, and auto parts, use Obiex to pay overseas suppliers in countries like China, Dubai, and Turkey using USDT (Tether). 

These payments clear in under 10 minutes, which is much faster than SWIFT transfers that can take 3–5 business days. 

For example, a tech importer in Lagos could settle over $300,000 monthly in supplier payments through Obiex. The trader also gets access to deep liquidity and locks in stablecoin rates without worrying about Naira devaluation or bank delays. 

With the increasing preference for crypto among suppliers in Asia and the Middle East, this method has become not just practical but essential.

2. Receiving Crypto Payments from Foreign Buyers:

Obiex enables Nigerian-based service providers, such as developers, designers, and consultants, to receive payments from clients abroad in USDT, BTC, or ETH. 

With Obiex, these crypto payments can be instantly converted to NGN or held in stablecoins for future use. 

Some digital marketing firms within the country, for example, invoice foreign clients in USDT and settle directly through Obiex’s platform. The firm can either withdraw in Naira instantly or store value in stablecoins to hedge against NGN volatility. 

This flexibility allows Nigerian businesses to operate globally without relying on PayPal or international bank accounts that often restrict Nigerian users.

3. Arbitrage Trading Across Exchanges and Countries:

Proprietary trading desks in Nigeria use Obiex for arbitrage, taking advantage of price differences in crypto assets across exchanges and regions. 

What sets Obiex apart is its fast execution speed and OTC support for high-volume trades. 

With Obiex as a central liquidity hub, a trading team in, say, Port Harcourt could move between Binance, KuCoin, and local Nigerian exchanges. They could buy USDT at a lower price offshore, sell at a premium locally, and repeat the cycle. 

With this, they could get instant fills, custom rates, and lower slippage, which is essential for scaling arbitrage operations beyond $50,000 per day.

4. Treasury Operations for African Fintechs:

Fintech companies in Nigeria and across West Africa use Obiex to manage treasury functions, especially during periods of Naira instability. 

Let’s say a fintech startup operating in Lagos and Accra converts Naira revenues into USDT on Obiex to protect against currency depreciation. 

If the value of the Naira drops, the firm could hold its treasury in USDT for months, avoiding major FX losses. 

Obiex’s liquidity pools and easy fiat-crypto conversion tools make it a reliable platform for managing operational cash flows, emergency reserves, and FX exposure.

5. Settling Payroll for Remote Teams in Multiple Countries:

Startups and agencies with remote teams across Africa, America, and Europe use Obiex to pay staff in USDT. 

Obiex, being a fintech startup operating in Nigeria, for example, pays over 40 employees/contractors located in Nigeria, the United States, Canada, Dubai, and other countries using the Obiex platform. 

Each month, CSV files with wallet addresses and amounts are uploaded, and Obiex processes the payments within minutes. This is just a domestic practical example of how other companies use Obiex for similar settlements.

This method eliminates international wire transfer fees, long wait times, and banking restrictions in multiple countries. 

Contractors also prefer crypto payments because they receive the full amount and can convert to their local currency on their own terms.

The Obiex Advantage: Built for Speed, Liquidity, and Reliability

1. Institutional-Grade Liquidity for High-Volume Trades:

Obiex OTC offers deep liquidity for large trades, ensuring Nigerian traders can move hundreds of thousands of dollars without delays or rate fluctuations. 

For example, a fintech startup needing to settle a $250,000 invoice in USDT doesn’t have to break it into smaller chunks or worry about price swings during execution. 

The Obiex OTC Desk is tailored for such transactions, providing uninterrupted execution with access to a wide pool of liquidity providers. 

2. Instant Swaps and Settlements With Zero Slippage:

One of the biggest pain points in cross-border crypto transactions in Nigeria is price slippage. 

Obiex solves this with instant swaps and guaranteed settlement prices. For instance, if a crypto OTC desk wants to convert ₦400 million to USDT to pay an international partner, Obiex executes the transaction at the quoted rate, with no delays or price movement. 

This kind of certainty is not just convenient; it’s critical. A 0.5% slippage on a $200,000 trade could cost a business $1,000. With Obiex, there is zero slippage, meaning what you see is what you get. 

3. Compliance, Transparency, and Support for Businesses:

In high-volume crypto transactions, compliance and transparency are non-negotiable. 

Obiex is registered with relevant financial bodies and maintains a strict KYC (Know Your Customer) and AML (Anti-Money Laundering) policy that protects businesses and ensures smooth operations with international partners. 

The platform offers transaction reports, full payment traceability, and 24/7 account support, which are key features for key players in finance teams managing audits or investor reporting. 

Businesses using Obiex for cross-border payments can confidently scale their operations, knowing they’re working within secure, legal, and fully documented systems.

What Kind of Traders and Businesses Use Obiex?

1. Import/Export Companies:

Many import and export businesses in Nigeria use Obiex to make fast, affordable payments to suppliers and logistics partners in Asia, Europe, and North America. 

Instead of relying on traditional banks, which often delay USD transfers and charge high fees, these companies use Obiex to send USDT or BTC in minutes. 

For example, a Nigerian electronics importer paying a supplier in China can settle a $50,000 invoice using Obiex in under 10 minutes, avoiding the 3–5 day delay and 3–5% FX loss from bank transfers. 

Obiex’s competitive crypto-to-fiat rates also help these businesses manage liquidity and avoid currency risk.

2. Fintechs and Crypto Startups:

Fintechs and crypto-native startups in Nigeria, especially those building apps with global user bases, also use Obiex for daily crypto liquidity and settlement. 

These businesses use Obiex OTC to buy large volumes of USDT or BTC at real-time rates and send funds to global wallets, exchanges, and banking partners. 

Whether it’s paying cloud service providers in the U.S. or managing stablecoin payroll for remote teams, Obiex helps reduce downtime and scale cross-border payments securely. 

Startups operating DeFi, payment infrastructure, or crypto wallets often need reliable access to liquidity, which Obiex provides 24/7 with proper KYC and compliance support.

3. Digital Agencies and Freelancers:

Creative and tech agencies in major cities like Lagos, Abuja, Enugu, and Port Harcourt, along with Nigerian freelancers serving international clients, use Obiex for cross-border settlements. 

Many of these professionals are paid in crypto by clients from the U.S., UK, or Europe, and they rely on Obiex to convert their crypto into naira instantly or save in stablecoins. 

To put this into perspective, a freelance UI/UX designer earning $2,000 monthly in USDT can use Obiex to receive, convert, or hold funds without paying 10–15% platform fees on freelance marketplaces. 

4. Arbitrage Trading Firms:

Arbitrage trading firms and OTC desks active in Nigeria’s crypto ecosystem use Obiex for high-frequency trading, fund movement, and liquidity management. 

These firms often need to move large volumes of USDT, BTC, or BUSD across exchanges, wallets, and platforms to take advantage of small price differences. 

Obiex’s liquidity pool and custom OTC support make it easy for them to buy or sell crypto at bulk rates without market slippage. 

A desk executing $200,000 daily in cross-exchange trades can rely on Obiex to access tight spreads, settle instantly, and maintain trading margins. 

5. Crypto-Native Remittance Businesses:

New-age remittance companies offering crypto-based transfers use Obiex as their backend for liquidity and settlements. 

These businesses serve Nigerians who send or receive money from countries like the UK, Canada, and the U.S. Instead of relying on SWIFT systems, they convert naira to USDT and use Obiex to send funds abroad quickly and at lower costs. 

Practically, a remittance startup processing 1,000+ transactions monthly can use Obiex to swap NGN to USDT in real-time and reduce transaction fees by up to 70%. 

The platform also supports recurring settlements and transaction reporting, which is essential for B2B clients managing compliance.

Why Obiex Is the Right Liquidity Partner for You

1. Multi-Currency Support: NGN, USDT, USDC, BTC, and More

Obiex supports a wide range of fiat and crypto assets, making it easy for Nigerian traders and businesses to handle cross-border payments without unnecessary currency conversion issues. 

You can send and receive payments in NGN, USDT, USDC, BTC, ETH, and several other major currencies. 

This flexibility is especially useful for businesses dealing with vendors and partners across different countries. 

2. Flexible OTC Desk with 24/7 Execution:

Obiex OTC provides round-the-clock access to deep liquidity for high-volume crypto trades. 

This is particularly important for B2B operators who need to move large amounts of digital assets without slippage or downtime. 

Unlike platforms that limit trading hours or require manual confirmations during off-peak periods, Obiex OTC operates 24/7 with dedicated execution support. 

This means you can trade millions of naira worth of crypto at institutional rates, even at 3 AM on a public holiday. 

3. Business Dashboard and API Access for Automation:

Obiex provides a dedicated business dashboard with access to custom APIs, allowing you to automate payouts, invoice settlements, and recurring international payments. 

Instead of manually executing each transaction, your business can integrate Obiex APIs directly into your backend systems. 

For example, payment processors using Obiex for international payments can set up automatic vendor payouts in USDT or BTC based on pre-set rules. 

This is a game-changer for scaling operations without increasing operational overhead. 

Obiex also offers live trade data, transaction logs, and reconciliation tools within the dashboard, making compliance reporting and financial management easier for your team.

4. Regulatory-Grade Compliance and KYC Processes:

One of the biggest concerns for businesses making international crypto payments in Nigeria is compliance. 

Obiex addresses this with a strong, transparent KYC and AML policy that is aligned with global best practices. 

Every user on Obiex undergoes strict identity verification, and high-volume B2B accounts are onboarded through enhanced due diligence (EDD). 

This reduces the risk of dealing with bad actors and ensures that your transactions meet local and international regulatory expectations. 

Obiex’s compliance infrastructure has helped it become a trusted partner for companies looking to scale legally in crypto, especially in Nigeria’s evolving regulatory environment. 

Ready to move money globally, fast and cost-free?Join thousands of Nigerian traders and businesses using Obiex to make seamless international payments with crypto.

👉Start using Obiex today!

FAQs

Q1. How does Obiex help Nigerian businesses make global payments?

Obiex allows businesses to send and receive crypto payments instantly, swap between currencies, and manage large-volume transactions securely.

Q2. Can I use Obiex for invoice settlement?

Yes. Businesses use Obiex to receive invoice payments in USDT, USDC, or BTC and convert them instantly to NGN or other currencies.

Q3. Is it legal to make cross-border payments with crypto in Nigeria?

Yes. While banks cannot facilitate crypto directly, businesses can legally use platforms like Obiex to manage cross-border payments.

Q4. How fast are USDT payments via Obiex?

Most transactions are completed within 5–10 minutes, depending on network congestion.

Q5. Can I send BTC or USDC to a vendor in another country?

Yes. Obiex supports global crypto payments in BTC, USDT, and USDC.

Q6. What is the minimum transaction amount on Obiex?

For B2B users, transactions typically start from $500 or its NGN equivalent.

Q7. Does Obiex provide support for businesses?

Yes. Obiex offers dedicated OTC and API support for high-volume business clients.

Q8. Can I automate payments on Obiex?

Yes. Businesses can use the API or dashboard to automate recurring crypto payments.

Q9. How does Obiex protect my funds?

Obiex uses secure wallet infrastructure, KYC, and regulatory compliance to keep your assets safe.

Q10. Can I hold funds in stablecoins on Obiex?

Yes. Many businesses hold their treasury in USDT or USDC to avoid naira volatility.

Disclaimer: This article was written to provide guidance and understanding. It is not an exhaustive article and should not be taken as financial advice. Obiex will not be held liable for your investment decisions.